Wednesday, May 22, 2024

Topic: Metaverse

Meta cuts 11,000 jobs, 13% of its workforce

The Facebook parent Meta Platforms Inc (META.O) said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as it doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation, Reuters reported.

What is the metaverse? Two media and information experts explain

Rabindra Ratan, Michigan State University and Yiming Lei, Michigan State University The metaverse is a network of always-on virtual environments in which many people can...